I'm 21 years old and wanted to buy a house in my 30s and everything sips, stocks going pretty smooth and after watching these type of content I'll say thanks big brother bcoz it was so interesting apart from other boring vidz lyk a 21yr old kid feels ( uh get it ryt) 🤟☮️
Totally get it Rahul bro :) I’m so so happy for you that you’ve already started investing. Love it, keep a long term outlook and NOTHING can stop you. Lots of love ❤️
My dad bought a plot in 2009 for ₹4 lakh, which he now wants to sell for ₹50 lakh. With this amount, I plan to buy a residential property valued at ₹1.4 crore. How can we save on capital gains taxes in this scenario?
I want to selloff my property and distribute the money to four children. What is the legal way . Can deposit the cheque in savings bank account. Assume the property is worth of 1 crore. Please advice
Can I invest the Capital Gains amount in both (A) Capital Gains, and (B) NHAI bonds? The idea is to have some liquidity on some amount, and also at the same time get some moderate returns on the other amount I wouldn't be needing immediately.
thanks for the video!! 2 queries please wrt deductions that can be claimed to reduce capital gains and thereby tax; 1) For purchase date consideration, should we include the date of agreement where we started paying the first instalment or the date mentioned in the final sale deed 2) Apart from a) CII b) repair work c) any Section 54 like 54ec capital gain bonds, is there any other deduction that can be claimed (I guess the yearly property tax/water tax etc can't be claimed ), thanks!!
Sir, I have sold the house after 7 years of purchase and had kept the amount in capital gain scheme which I have withdrawn to purchase a site but now for the time being I can't build the house,do I have to pay the taxes? Is there any way to avoid it?
Thanks very much for explaining the LTCG tax and this example, very informative and clear from start to finish! Can I also check if this procedure is the same for NRIs selling property in India?
Do we need to mention about sold property in filing returns compulsory in the same year or need not...if we had a plan to buy a house with in 2 years.. And what happens if we don't mention about sold property in the same year filing returns and bought another house in two years..
Sir Thank you for this video. I have a problem can you plz help 🙏 We had an old house and we called a devoloper and promoted the property. Now, we got 3 flats out of which we want to sell just one flat and after selling we want to put the money in certain catagories, like:- 1. Paying off all our bank debt 2. Buying agricultural land 3. Build a house, infrastructure and garden on that agricultural land. So, can we do it and save all our taxes on the flat selling money or pay least amount of tax? How to do it, plz help.
Hi Prateek, nice video. I want to add a couple of points- 1. For properties purchased before 2000-01, the government revised the tax rules a few years back. Currently the “fair market value” as on 1.04.2001 is used to consider cost of acquisition instead of the original cost for indexation purposes. Effectively, any gains earned prior to this date are automatically exempted. 2. The time period for acquisition of a new house is a bit more complicated. One can acquire a new residential property anytime from 1 year prior to sale of existing property upto 2 years after its sale. Alternatively one can construct a new house within 3 years of the sale. PS. You may not remember me (RKM from TFS).
RKM! Ofcourse I remember you, bhai can you find me on Instagram and DM me? I’ll get your phone number and I’ll love to talk to you! It’s been so so long Thank you for sharing the information, I learnt something.
You people are really great. I am learnapp regular student I have learned a lot from Prateek sir and Karthik Rangappa sir. You people are really superb
Awesome Session sir, it's really an awesome video. I heard we can save tax but this is the first video that came up with a video explanation.... Kudos to the team who supported and intro is epic
I'm 21 years old and wanted to buy a house in my 30s and everything sips, stocks going pretty smooth and after watching these type of content I'll say thanks big brother bcoz it was so interesting apart from other boring vidz lyk a 21yr old kid feels ( uh get it ryt) 🤟☮️
Totally get it Rahul bro :) I’m so so happy for you that you’ve already started investing. Love it, keep a long term outlook and NOTHING can stop you. Lots of love ❤️
Very nice explanation
Can u please explain how to calculate inflation on indexation on long term capital gain
Mast
Very nice presentation
My dad bought a plot in 2009 for ₹4 lakh, which he now wants to sell for ₹50 lakh. With this amount, I plan to buy a residential property valued at ₹1.4 crore. How can we save on capital gains taxes in this scenario?
I want to selloff my property and distribute the money to four children. What is the legal way . Can deposit the cheque in savings bank account. Assume the property is worth of 1 crore. Please advice
Dear sir, what if we put long term capital gain in a mixed way I mean some part in buying a house and some part in buying bonds is it allowed?
Can I invest the Capital Gains amount in both (A) Capital Gains, and (B) NHAI bonds? The idea is to have some liquidity on some amount, and also at the same time get some moderate returns on the other amount I wouldn't be needing immediately.
thanks for the video!! 2 queries please wrt deductions that can be claimed to reduce capital gains and thereby tax;
1) For purchase date consideration, should we include the date of agreement where we started paying the first instalment or the date mentioned in the final sale deed
2) Apart from a) CII b) repair work c) any Section 54 like 54ec capital gain bonds, is there any other deduction that can be claimed (I guess the yearly property tax/water tax etc can't be claimed ), thanks!!
Is capital gain amount invested for 5 years in NHIA Govt bond will be added to income after 5 years ?? Please clarify Sir
INFORMATION ARE NOT FULLY CORRECT TILL NOW BECAUSE AMENDMENTS COMES EVERY YEAR PLZ TALK TO A CA FOR TAX SAVING
ADVICE FROM CA STUDENT
Sir, I have sold the house after 7 years of purchase and had kept the amount in capital gain scheme which I have withdrawn to purchase a site but now for the time being I can't build the house,do I have to pay the taxes? Is there any way to avoid it?
Thanks very much for explaining the LTCG tax and this example, very informative and clear from start to finish! Can I also check if this procedure is the same for NRIs selling property in India?
What if i have home loans to clear ...selling after 3years , only half of the amount left after closing
Do we need to mention about sold property in filing returns compulsory in the same year or need not...if we had a plan to buy a house with in 2 years..
And what happens if we don't mention about sold property in the same year filing returns and bought another house in two years..
Sir Thank you for this video.
I have a problem can you plz help 🙏
We had an old house and we called a devoloper and promoted the property.
Now, we got 3 flats out of which we want to sell just one flat and after selling we want to put the money in certain catagories, like:-
1. Paying off all our bank debt
2. Buying agricultural land
3. Build a house, infrastructure and garden on that agricultural land.
So, can we do it and save all our taxes on the flat selling money or pay least amount of tax?
How to do it, plz help.
What happens if price adjusted for inflation is more than selling price? Do we have to pay taxes?
No tax will be levied as you're actually selling at a loss
We have to invest whole amount aur difference 16 lacs only to tax exempt
The difference amount bigg boss
Please do video on how to calculate inflation
Thank for the suggestion, Mohammed :)
Can I avail this indexation for a piece of land or residential plot?
Wow.. Great video.. Even some so called CAs don't know this much.. 👍
Hey thanks Pargat, happy you found this useful :)
Excellent awareness video 💐💐💐💐
Hey thanks Nithiyanandam
Hi Prateek, nice video. I want to add a couple of points-
1. For properties purchased before 2000-01, the government revised the tax rules a few years back. Currently the “fair market value” as on 1.04.2001 is used to consider cost of acquisition instead of the original cost for indexation purposes. Effectively, any gains earned prior to this date are automatically exempted.
2. The time period for acquisition of a new house is a bit more complicated. One can acquire a new residential property anytime from 1 year prior to sale of existing property upto 2 years after its sale. Alternatively one can construct a new house within 3 years of the sale.
PS. You may not remember me (RKM from TFS).
RKM! Ofcourse I remember you, bhai can you find me on Instagram and DM me? I’ll get your phone number and I’ll love to talk to you! It’s been so so long
Thank you for sharing the information, I learnt something.
Thank u so much for this valuable information..😊
Thank you for your message Vaibhav :)
You people are really great. I am learnapp regular student I have learned a lot from Prateek sir and Karthik Rangappa sir. You people are really superb
Hey Vikash, thanks a lot for your kind words! We’ll keep posting :)
@@PrateekSinghLearnApp my pleasure
What timing, looking to sell my house. Thanks!
1RK - Thane West, 55lacs if anyone is interested.
Whaaaaat! Pritesh what luck. Also, love the hustle of using the comment section to find a buyer 😂😂 - legend
@@PrateekSinghLearnApp new way of Marketing
And by the way do a video on market cycles. 📈📉
Got it Vijay willl do for sure
Thank you so much for giving this knowledge 🙏🙏
Thank you Vijay!
Awesome 🤞😎
PS : I do not own any physical asset.
Hahaha awesome
Awesome Session sir, it's really an awesome video. I heard we can save tax but this is the first video that came up with a video explanation....
Kudos to the team who supported and intro is epic
Thank you so much Surya!!!